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$1,295,000 ↓$155,000on 9/25/2024

497 E Main Street Lexington, KY  40507

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Property Description for 497 E Main Street Lexington, KY 40507

On behalf of Ann Greely Interiors, Inc., we are pleased to bring to market 497 E. Main Street in Lexington, KY. The property features a 7,272 SF free-standing three-story building originally constructed around 1890, renovated and expanded in 1997, and sits on 0.24 acres zoned B-2A (Downtown Frame Business). The building offers a multitude of office, conference, showroom, break room/kitchenette, storage options and the flexible zoning creates opportunity for professional office, retail, and/or a residential conversion. The building comes with approximately 8 parking spaces with several additional parking options in close vicinity, a basement (not included in SF), monument signage, a freight elevator in the storage wing, and several built-ins. The building had a new roof installed and was freshly painted in 2023. Property Highlights: - Free standing office/retail - New roof & paint in 2023 - Flexible zoning uses - A+ location - High visibility and monument signage - Well-maintained Fronting E. Main Street, the property enjoys direct traffic counts of 31,393 cars/day with outstanding nearby amenities such as dining, shopping, and financial institutions.

Address:497 E Main Street Lexington KY 40507
Status:Active
on site: 195 days
Price:$1,295,000
Bathrooms:0
Year Built:1890
Lot Size:0.24
County: Fayette
MLS #:24010916

Lot Dimensions:10454
Directions:497 E. Main Street is located on the east end of Lexington's Central Business District in close proximity to the Kenwick, Ashland, and Chevy Chase neighborhoods.
Abv. Grnd. Sq. Ft. :7,272

Loan Price
$7,295
Price And Interest $6,755/month
Property Tax $0/month
MTG INS $0/month
HOME INS $540/month
Price
$1,295,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$6,480 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
09/25/24 $1,450,000 $1,295,000 -10.7%

Mandatory HOA Fee:$

Area: 002 - Fayette County NE
Subdivision: Commercial
Zip Code:40507

Exterior Type:Brick
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Peter Barr with Block + Lot Real Estate

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Lexington, KY Market Report

95
Avg. DOM
$243
Avg. $ / Sq.Ft.
$ 415,000
Med. List Price

The house prices in Lexington are not dropping at the moment. There has been a increase in price of $20,630.45. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Lexington are going Up. The average house price is $399,000.00 and the average price per square feet is $243.00 per square feet. At the moment, the amount of homes listed is exactly 2667 houses, with 450 with active status, 347 with pending status and 1870 sold in Lexington .

The most popular place to buy a home in Lexington is 003 - Fayette County SE. 003 - Fayette County SE is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Lexington .

The average amount of property taxes you would have to pay for a home in Lexington is $0.00. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Lexington are staying listed for an average of 70 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Lexington was 1906 minutes ago.

At the moment we have 18 open houses that you can visit.

The cost of the most expensive home in Lexington is $10,500,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Lexington is $92,500.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Lexington in year 1794 and the newest built house is in year 9999.

The average size of properties in Lexington is 47.24 sq.ft. , the biggest one being 3633 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.